New Print Revenue Streams
It is fair to say that recent developments in technology and changing
social trends have far from rendered printed media obsolete. Quite the
contrary. Print has grown up, making new media its own and integrating
seamlessly with even the most futuristic leaps in tech.
Nowhere
is this more apparent than in the retail industry, where the
business-to-consumer dialogue is as lively as ever and more interactive
than ever before.
Indeed, the first and second quarters of each
year present fantastic opportunities for brands to engage with customers
and draw their attention to both new products and old favourites.
To
do this, a tactic favoured by a great many businesses is to offer
customers a personalised version of a service or product. By doing this,
customers instantly feel a connection to the brand, if only on the most
superficial level and this can tip the balance when it comes to making
your business stand apart from the crowd.
Personalising
what you have to offer a customer has a two-fold effect. Firstly it
grabs the attention. Even basic printed material, when given a personal
touch, boosts engagement by bringing the customer further into your
brand's world and guiding them to relevant products.
Secondly, focusing a
customer's attention on products you are at least fairly sure they will
like weighs the odds in your favour when it comes to securing the
greatest possible return on investment. Quite simply, it makes print
easier and safer as a means of marketing.
Make the most of big events
Going
back to the first half of the year, the two standout opportunities for
brands dealing with printed material are Valentines Day and Mothers Day.
In both cases companies like Moonpig and Funky Pigeon have cornered the
personalised greetings card markets, but with more open-ended marketing
material any brand can reach out in a similar manner.
For
Valentines Day, direct marketing campaigns can feature a customer's
name, they can draw attention to products they bought recently or, to
demonstrate a more lasting rapport, remind a customer of the kind of
products they bought last year. By tracking a customer's interaction
with your business you can measure how long it has been since they
bought from you and try to entice them back at strategically-chosen
times of year like this by offering discounts. Short surveys can then be
used to assess how to better engage with them in future.
On
Mothers Day it is all about offering a service which is both personal
and streamlined. Packaging, labels, and gift cards can all be given a
custom touch relatively easily. More general marketing material can
again use information about the buyer's habits to remind them of
products they liked or suggest possible gifts based on their buying
history, bestsellers at the time or other relevant criteria.
Spring
and early summer are popular times to launch new products, but also to
relaunch the more fundamental aspects of a brand. The old cliché, 'new
year, new me,' so favoured by Facebook statuses can just as easily be
applied to a brand when large proportions of your customer base are in a
mindset that is open to trying out new things. Whether it is a simple
logo change or a full rebranding, choosing the right time to launch can
make all the difference.
A tidy house
All
this, of course, presupposes a firm understanding of your customer
base. It is important to keep your customer relation management service
fully updated and tidy.
This means making it easy for
customers to interact with your brand online and give you the
information you need. Using QR codes and/or NFC tags on promotional
printed material can help you assess just where and how a given customer
is interacting with your ads. A good tactic is to have these leading to
a personalised landing page which offers visitors a discount.
Along
similar lines, you might want to require users to enter their email
address on certain landing pages, subscribing them to your newsletter in
exchange for activating a certain promotion. It can sometimes be a
tough sell to get customers to part with this information on the go, so
making the experience fun through effective use of augmented reality and
personalised videos can pay dividends.
Throughout all of
this, you'll be wanting to stay on top of how your personalised print
campaign is going by making an effective use of Google Analytics.
Installing tracking on your site lets you measure where your printed
material is working best and on who.
Variable data diagnostics
Knowing
what you want to achieve by personalising your printed promotional
material is one thing, but assessing the methods you're going to use is
another.
Personalising documents en-masse in this manner can improve customer
response rates by up to 30 percent and increase customer loyalty by 26
percent in the short-term or a whopping 50 percent in the long-term.”
Variable data printing is a statistically safe
bet. Personalising documents en-masse in this manner can improve
customer response rates by up to 30 percent and increase customer
loyalty by 26 percent in the short-term or a whopping 50 percent in the
long-term.
Nowadays, the quality of most digital
inkjets—used for printing this kind of material—rivals that of
lithographic printing so you do not even need to limit yourself to
direct mail marketing, variable data printing can scale up to magazines
and brochures if that is what it takes to engage people.
Personalised
printing can vary from just an address on the front of printed mail to
names on front covers of brochures or covering letters to give the
impression of a personal touch. If you're talking about personalised
data rather than names, presenting promotions and special offers in the
same way as you see online works along identical lines, it's just a
matter of placement. The important thing to consider is timing. If you
are promoting this kind of personalised dialogue with your customers,
keep it up by replacing your twice-yearly brochure with smaller items
which are delivered to customers every couple of months.
By
effectively gauging when your customers are most open to personalised
communications, keeping track of what works and reaching out at the
right level, it is possible to make your printed media work harder than
ever. This is both in the flesh so to speak and online, promoting a
holistic strategy for your brand that really gets results.
Elanders UK is part of Elanders Group, which is a company with operations in 15
countries on four continents. Elanders Group offers its customers global
solutions for print & packaging, supply chain management and e-commerce.
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